U.S. stocks closed higher on Wednesday after a late rally, despite a 0.3% contraction in GDP for the first quarter. Consumer spending surged in March, topping expectations, while labor market data showed weaker-than-expected job growth. As trade tensions and economic uncertainty continue, investors remain cautious, but the market showed resilience as key tech stocks like Meta and Microsoft reported strong earnings.
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Daily Market Snapshot: April 24, 2025
On April 24, 2025, U.S. stock markets surged, with technology stocks leading the charge. The S&P 500, Dow Jones, and Nasdaq Composite all posted significant gains, fueled by strong earnings reports from major tech companies like Alphabet and Nvidia. Despite the rally, investors remain cautious, keeping a close eye on ongoing U.S.-China trade talks and geopolitical risks. Economic data showed a strong labor market, with investors awaiting the non-farm payrolls report, which could influence Federal Reserve decisions on interest rates.
